Category: Financial Planning
A “Kitchen Table” Divorce That Just Might Work
A “Kitchen Table” divorce congers up an image of a couple sitting down over a cup of coffee to divide what they have and what they owe in a manner that works for both parties going forward. They competently agree to the terms, split up, shake hands and move on with their lives without ever having to … Continue reading A “Kitchen Table” Divorce That Just Might Work
A Thoughtful Guide to Divorce Mediation: The Money Issue
When you marry, you agree to abide by the laws in your state with respect to divorce. In divorce, many spouses finally take the time to learn about those rules. But it’s often too late. For example, Sally didn’t know the rules of separate property so she didn’t know that much of Bill’s wealth was … Continue reading A Thoughtful Guide to Divorce Mediation: The Money Issue
Financial Life after Divorce – Armageddon or Nirvana
You signed the settlement agreement but you’re not settled yet. There’s still lots to do! You need to divide accounts, change insurance or beneficiaries, get a new estate plan and for some of you, move out of the house! Many people get hung up at this point, pondering “What will my life be like now?” … Continue reading Financial Life after Divorce – Armageddon or Nirvana
How Should Retirement Assets be Valued in Divorce?
Many a highly trained family law attorney will “tax affect” retirement accounts by using the after tax value of a retirement account on a couple’s inventory of assets. As a divorcing man or woman you need to know that this method of valuation is more of a negotiation tactic then economics. Left unchecked, the spouse receiving more of the … Continue reading How Should Retirement Assets be Valued in Divorce?
Marriage, Financial Planning, and Your 401(k) Rollover
My Today’s Alerts series highlights ideas generated in my divorce financial advisory practice. Kate* called to let me know that she’d decided to leave her company, AFD, Inc., to pay attention to her start-up business full time. She wanted to make a clean break so she planned to add the 401(k) to her existing IRA right … Continue reading Marriage, Financial Planning, and Your 401(k) Rollover